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Topic: Wells Fargo

Apple's record setting iPhone 6s launch weekend impresses Wall Street

09/28/2015, 12:09 pm

With more than 13 million units sold in the first three days of availability, the iPhone 6s and iPhone 6s Plus exceeded most market expectations, and analysts responded on Monday by reacting favorably to the announcement from Apple.


Wells Fargo says low expectations for Apple's Sept. 9 event could work to stock's advantage

09/04/2015, 11:09 am

There's a feeling on Wall Street that everything is already known and expected heading into Apple's "Hey Siri" event, investment firm Wells Fargo said on Friday, suggesting that any potential surprises could help push the company's stock higher.


Wells Fargo upgrades Apple stock to 'outperform,' says recent correction is an overreaction

08/25/2015, 09:08 am

Longtime Apple bear Wells Fargo Securities changed its rating on the iPhone maker on Tuesday, saying recent losses in the company's stock have been overdone, especially in light of the company's continued success in China.


Analysts bullish ahead of Apple's Q3 results, say iPhone sales could reach 50M+

07/20/2015, 12:07 pm

Analyst sentiment is generally high ahead of Apple's third-quarter earnings announcement -- due on Tuesday -- calling for numbers that could beat both official guidance as well as Wall Street consensus, mostly on the strength of iPhone sales that could near or top 50 million.


Rockstar patent sale could net Apple $392 million in March quarter

03/31/2015, 03:03 pm

The sale of patents owned by the Rockstar Consortium of companies could bring a windfall of $392 million in additional cash to Apple's March quarter, estimates from one analyst predict.


Wells Fargo: Apple may need to raise more debt to pay for increased share repurchase

02/02/2015, 09:02 pm

While the $6.5 billion bond issue revealed on Monday may be enough to cover its existing capital return program, Wells Fargo believes that Apple could be forced to either raise an additional round of debt or repatriate cash from overseas if the program is to continue its traditional annual increase.


Wall Street shocked by Apple's staggering quarter, prompting analysts to raise estimates

01/28/2015, 11:01 am

Apple's stunning first quarter of fiscal 2015 blew virtually every prediction out of the water, and left Wall Street analysts rushing to increase their price targets on Wednesday as the stock jumped higher.


Earnings preview: Wall Street awaits record shattering $67B quarter from Apple

01/27/2015, 11:01 am

With just a few hours to go before Apple reports the results of its first fiscal quarter of 2015, Wall Street is hyped for what it expects will be a blockbuster, all-time record for the iPhone maker.


Wells Fargo maintains neutral outlook on Apple, says market expectations too high

01/26/2015, 08:01 am

Wells Fargo Securities continues to go against the grain with a neutral "market perform" rating on shares of Apple, forecasting that shares will trend lower in the face of high expectations on Wall Street.


Driven by promotions & 16 new carriers, Apple seen selling 36.5M iPhones in June quarter

07/02/2014, 08:07 am

Wells Fargo Securities believes Apple may have just completed yet another record breaking quarter, driven by a forecasted shipment of 36.5 million iPhones for the three-month period ending in June.


Apple grows carrier partners to 323 worldwide, up 15% since last October

05/30/2014, 08:05 am

Availability of the iPhone continues to increase as Apple inks new contracts with additional carriers, bringing its current worldwide total to 323 wireless providers, investment firm Wells Fargo Securities revealed on Friday.


Apple's recent stock price surge leaves prominent analysts projections in the dust

05/06/2014, 12:05 pm

Recent gains by Apple's stock have pushed its share price past some Wall Street analysts' price targets, leaving their forecasts underwater, while others could be next if the upward trend continues.


Earnings preview: Wall Street expects flat March quarter, awaiting new products in late 2014

04/21/2014, 08:04 am

With no major new products launched in the just-concluded March quarter, analysts on Wall Street don't expect big things from Apple when the company reports its earnings on Wednesday, generally projecting for revenue to be about flat with the same period from a year ago.


Wells Fargo defends 'market perform' rating on Apple stock, says company is in midst of transition

04/11/2014, 09:04 am

Having downgraded its rating on Apple stock in January, Wells Fargo on Friday defended their neutral outlook for the company's near future, characterizing it as a long-term opportunity for investors that faces near-term hurdles while the industry transitions.


Apple's spending on acquisitions surged to $525 million last quarter

01/30/2014, 09:01 am

While investors continue to fret over what Apple plans to do with its $159 billion in cash and investments, the company is quietly spending far more than previously on its secretive acquisitions, exceeding a half-billion dollars last quarter alone.


Earnings preview: Wall Street expecting record iPhone, iPad sales from Apple's Q1 2014

01/27/2014, 11:01 am

This afternoon Apple will report earnings from the company's first fiscal quarter of 2014, and investors expect that the company will reveal record sales of its blockbuster iPhone and iPad product lines, with collective sales of both devices expected to top 80 million.


Wall Street excited about China Mobile's iPhone launch, but Apple's margins will be scrutinized

01/15/2014, 03:01 pm

With the iPhone just days away from arriving on China Mobile, analysts' relief at the long-rumored deal's consummation is paired with curiosity about what concessions Apple may have made to strike an accord with the world's largest wireless carrier.


PC shipments continue to shrink as consumers embrace tablets like Apple's iPad

01/10/2014, 08:01 am

While research firms Gartner and IDC have very different projections on how Apple's Mac lineup performed in the holiday quarter, both sides can agree on one thing: PC shipments continued to shrink over the holidays, as consumers once again opted for tablets over traditional computers.


Analysts divided on Apple: Cantor calls it a 'top pick,' Wells Fargo downgrades citing margins

01/02/2014, 08:01 am

A pair of Wall Street analysts have come to very different conclusions on Apple stock for the start of 2014, as Brian White of Cantor Fitzgerald gave an enthusiastic recommendation for the iPhone maker, while Maynard Um of Wells Fargo downgraded AAPL shares from "outperform" to the status of "market perform."


Apple's China Mobile deal expected to add 5% to revenue in 2014

12/23/2013, 02:12 pm

Shares of Apple stock surged more than 3 percent on Monday, after news broke that the company has reached a long-awaited deal to begin selling the iPhone in January through China Mobile, the world's largest wireless provider.